Answer: $2294 should be invested in the simple interest account while $4588 should be invested in the certificate of deposit.
Step-by-step explanation:
Let x represent the amount that he would deposit in the simple interest account.
Let y represent the amount that he would deposit in the certificate of deposit.
she will deposit twice as much in the certificate of deposit. It means that
y = 2x
Interest from the simple interest account would be 7%. This mean that the interest would be 7/100 × x = $0.07x
Interest from the certificate of deposit account would be 5%. This mean that the interest would be 5/100 × y = $0.05y.
The total interest from both accounts would be $390. It means that
0.07x + 0.05y = 390- - - - - - - - - - 1
Substituting y = 2x into equation 1, it becomes
0.07x + 0.05 × 2x = 390
0.07x + 0.1x = 390
0.17x = 390
x = 390/0.17 = $2294
y = 2x = 2 × 2294
y = 4588
Answer:
The solution will be negative.
Step-by-step explanation:
I'm not quite sure what sort of answer you're looking for though.
2 negative three.....use Math-way
Answer:
110
Step-by-step explanation:
Let x = rate #1 and then 155-x=rate #2.
15x + 5(155-x) = 1225
15x - 5x + 775 - 1225
10x = 450
x = 45, second rate is 110
